This property looks like a bad Airbnb investment with a projected -20.15% first-year return on $281k initial cash invested.
-20.15%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$5,278
Rent
-$4,709
Cashflow
Cash Flow
$5,278 income − $9,987 expenses = $4,709 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,278
Total Expenses
$9,987
Mortgage P&I
120%
$6,351
Property Taxes
13%
$664
Home Insurance
8%
$438
HOA
0%
$0
Property Management
15%
$792
CapEx
4%
$211
Vacancy
0%
$0
Maintenance
4%
$211
Other
25%
$1,320